The northeast India Investment summit will start from tomorrow. The
summit will be a great platform for foreigners and the NRI's from the
North East to explore opportunities in the region.
The event will allow them to look for joint venture opportunities
Besides eyeing joint venture opportunities, they will assess the modalities
on public-private partnership.
Organised by the ministry of development of northeastern region, the
grand event will be hosted at the Karmabir Nabin Chandra Bordoloi Indoor
Stadium. It will be the second biggest conference to be held here after
India International Tea Convention. Of the 60 delegates, 45 are from
the Northeast who have settled outside. The rest are representatives
of overseas corporate sectors and investors.
Chief Minister Tarun Gogoi and Union minister of state for commerce
Jairam Ramesh will attend the summit. According to sources the venestors
will have a keen look at the prevailing business environment in the
region and the rules and regulations on public-private partnership.
"My interest is in the development of the Northeast. Civil infrastructure
interests me the most as it is essential to any development project,"
Pori Saikia Eapen, a resident of New York, said.
Of all the investment opportunities, Real Estate is going to be the
hot favourite, said MR Abhijit Barooah, Chairman of the CII's Assam
council. Seeing the real estate boom in Guwahati, the articipants have
shown interest in low-cost housing and multiplexes. Brand consciousness
has caught up with the city's youth and high street retailing is flourishing
in the region.
While Robert Beneth is aiming at providing housing at an affordable
rate, Lee Harris finds people of the Northeast quite interesting. The
event would also provide the NRIs with an opportunity to renew ties
with their people, Barooah said.
"They have resources, knowledge and network and it is high time
that we utilise it."
The managing director of Trend Hotels, Austria, Yasobanta Mahanta, said
he was keen on the tourism sector which has a "tremendous potential."
"Development of tourism depends on skilled manpower. The safety
of tourists is also another aspect that should not be neglected,"